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The Nigerian National Petroleum Corporation (NNPC) has assured petroleum products consumers across the country not to engage in panic buying as it holds 2.6billion litres of Premium Motor Spirit otherwise called petrol and90,000 metric…
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OPEC members are increasingly concerned about the passage of anti-OPEC legislation in the US while President Donald Trump’s oil price-focused tweets have added new uncertainties to the market, Mohammad Barkindo, OPEC’s secretary general,…
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First Exploration & Petroleum Development Co. has contracted Yinson Holdings to operate an FPSO for the Anayala and Madu oil discoveries offshore Nigeria. The fields are in oil mining leases 83 and 85 in the shallow-water Niger…
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The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, has called for more integration among countries within the West African sub-region towards providing lasting solutions to the region’s…
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The United Kingdom’s two liquefied natural gas imports terminals on the shores of the Milford Haven waterway are set to receive three cargoes in the coming days. The first delivery will be made onboard the 210,000-cbm Q-Flex LNG…
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The Nigerian Maritime Administration and Safety Agency, NIMASA, said it is focused on ensuring that the nation’s crude oil trade terms are changed from the present Free on Board, FOB to Cost Insurance Freight, CIF. Disclosing this in…
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AIM-listed Eland Oil & Gas, an oil & gas production and development company operating in West Africa with an initial focus on Nigeria, has announced a new accordion facility and increased borrowing base. In November 2018, the…
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Eight months after the signing of the Front End Engineering Design contract for Train 7 of the Nigeria LNG Limited, there is still uncertainty as to when the shareholders will take the final investment decision on the project. The…
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President Muhammadu Buhari has ordered the re-entry of oil production in Ogoniland as well as full takeover of operatorship of Oil Mining Lease (OML) 11 from Shell Petroleum Development Company (SPDC). OML 11, which lies in the…
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President Muhammadu Buhari has declined assent to the National Oil Spill Detection and Response Agency Amendment Bill 2018 recently passed by the National Assembly. His decision to reject the bill was conveyed in a letter dated January…
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